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Shrinking inventory breaks fall in King County home prices

March 8, 2012

Shrinking inventory breaks fall in King County home prices

Fewer homes are listed for sale in King County now than at any time since the housing crisis began, and observers say the lack of inventory is starting to influence prices, at least in some neighborhoods…

Countywide, the median single-family sale price hit another postboom low in February — $308,125, down 2 percent from January, 8 percent from February 2011 and nearly 36 percent from the market’s peak in July 2007.